When Abundance Breeds Mediocrity
In Japanese philosophy, "wabi-sabi" embraces the beauty of imperfection and the wisdom found in limitations. This centuries-old concept feels startlingly relevant to today's startup ecosystem, where we've created an ironic problem: abundance has become our greatest limitation.
The most dangerous words in a startup aren't "we're running out of money" but "we can afford it." When capital flows freely, every problem looks solvable with resources rather than ingenuity. Over-funded startups often lose their adaptive creativity - the very essence that makes startups disruptive.
Yet in modern startups, abundant funding creates an illusion of validation. When you can afford to keep the lights on indefinitely, you lose the market's most brutal but honest feedback mechanism: survival.
WeWork didn't fail because it ran out of money. It failed because money kept it from failing fast enough. Like a bonsai tree allowed to grow without pruning, it lost its form and purpose.
The greatest innovations in history came from constraint, not abundance. Perhaps it's time for startups to embrace their own form of wabi-sabi - finding beauty and innovation in their limitations rather than trying to eliminate them.